Exemption of Compensatory Employee Stock Options From Registration
 
January 14, 2008
 

On December 3, 2007, the SEC issued a final rule release amending Rule 12h-1 of the Exchange Act to provide the following two exemptions from the registration requirements of Section 12(g) of the Exchange Act for compensatory employee stock options:

• compensatory employee stock options issued under employee stock option plans of private, non-reporting issuers
• compensatory employee stock options of issuers that have registered a class of securities under Section 12 of the Exchange Act or are required to file reports pursuant to Section 15(d) of the Exchange Act

The effective date of the amendments was December 7, 2007.

http://www.sec.gov/rules/final/2007/34-56887.pdf